Justice Paul Heath said he was sympathetic to those arguing for the postponement of Tuesday's vote for Hanover Finance's debt restructure proposal on the grounds investors had not had enough time to consider the complicated proposal. Lawyer Paul Dale, acting for an investor Anne Chambers, argued before Justice Heath in the High Court in Auckland that the NZ$96 million of capital support put forward by Hanover's owners Mark Hotchin and Eric Watson was so uncertain as to be misleading in documents published ahead of the vote. Justice Heath told the court he would make a decision on the injunction application later on Monday night. The Hanover vote meeting is due to be held at the Ellerslie race course convention centre from 10.30 am on Tuesday. If it is held, we will be live blogging from the venue.
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